House prices in CT9 1 (Margate)
This article reveals price per square foot data and various charts to help you understand current housing market in 'CT9 1' (Margate) - statistics were last calculated on 30 August 2024.
Defining 'CT9 1'
This analysis is limited to properties whose postcode starts with "CT9 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Margate.
You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.
FYI, a postcode sector is the full postcode without the last two letters.
Price per square foot
Knowing the average house price in Margate is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:
£ per sqft = price ÷ internal areaE.g. 5 Chapel Apartments, 10, Hawley Square, Margate, sold for £139,652 on Jul-2024. Given the internal area of 699 square feet, the price per sqft is £199.
England & Wales have been officially metric for many decades. Convert this site to square meters.
The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. £301-£325, £325-£348, £348-£371 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 145 sales in Margate (CT9 1) that took place in the last two years.
Distribution of £ per sqft for Margate
Generate a custom chart like the one above but based on your own criteria.
You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.
The spread of prices will give you a feel of the typical range to expect in Margate (CT9 1). Of the 145 transactions, half were sold for between £217 and £330 per square foot. The median, or 'middle', price per square foot in 'CT9 1' is £283. Notably, only 25% of properties that sold recently were valued at more than £330 sqft. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.
Price map for Margate
Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Margate. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.
House price heatmap for Margate
Comparison with neighbouring postcode sectors
The table below shows how 'CT9 1' compares to neighbouring postcode sectors.
Postcode sector | Lower quartile | Middle quartile | Upper quartile |
---|---|---|---|
CT9 1 Margate | £217 sqft | £283 sqft | £330 sqft |
CT9 2 Cliftonville | £211 sqft | £282 sqft | £324 sqft |
CT9 5 Margate | £286 sqft | £333 sqft | £370 sqft |
CT9 4 Margate | £294 sqft | £336 sqft | £388 sqft |
CT9 3 Cliftonville | £288 sqft | £353 sqft | £415 sqft |
Will Margate house prices drop in 2024?
I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for CT9 1 (Margate) compared with both the wider area CT9 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.
Historic price per square foot in Margate,Margate
Download time series data as CSV (paying users only).
For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.
Most recent CT9 1 sales
Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Margate to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Margate and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.
Street level data
Street | Avg size | Avg £sqft | Recent sales |
---|---|---|---|
Trinity Square, Margate, CT9 1H | 871 sqft | £280 | 29 |
All Saints Avenue, Margate, CT9 1X | 570 sqft | £193 | 22 |
Byron Avenue, Margate, CT9 1T | 775 sqft | £295 | 18 |
Cobbs Place, Margate, CT9 1J | 430 sqft | £137 | 15 |
Milton Avenue, Margate, CT9 1T | 699 sqft | £287 | 15 |
Eaton Road, Margate, CT9 1X | 904 sqft | £239 | 13 |
Ethelbert Road, Margate, CT9 1S | 0 sqft | £310 | 11 |
Grosvenor Place, Margate, CT9 1U | 979 sqft | £312 | 10 |
Search for your street here.
Raw data
Our analysis of Margate is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.
Address | Paid | sqft | £/sqft |
---|---|---|---|
5 Chapel Apartments, 10, Hawley Square, Margate | £139,652
Jul-2024
|
699 | 199 |
Flat 5 145, High St, Margate | £132,000
Jul-2024
|
624 | 211 |
108, Eaton Rd, Margate | £192,500
Jul-2024
|
1,377 | 139 |
About
I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.